Fury Gold Mines Limited announced a non-brokered private placement and it has entered into a subscription agreement with Agnico Eagle Mines Limited to issue 6,728,000 units at an issue price of CAD 0.64 per unit for gross proceeds of CAD 4,305,920 on May 26, 2025. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable to purchase one share at CAD 0.80 for a 36-month period from the date of issuance.
Agnico previously acquired 3,750,000 shares (2.3% of 160,332,345 issued shares) and this investment increases Agnico?s basic ownership to 6.3% of company's issued shares and its defined ownership interest to 9.9% calculated on a partially diluted basis. All shares, warrants and any shares issued on exercise of warrants will have a four-month resale restricted hold period in Canada.
